Assume that a stock price is S0 = $100, the stock does not pay any dividends, and the risk-free interest rate is 5% per annum (with continuous compounding). 1. Compute the lower bound for the price of a 3-month European call option with strike price K = $92 2. Compute the lower bound on the price of a 3-month European put option with strike price K = $105. 3. Assume that the price of a 3-month European call option with strike price $95 is $8.05. What is the price of the European put option on the same stock with the same strike and maturity?